2024

Hedera

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/march-2024-historic-peaks-in-the-crypto-market/" data-wpel-link="internal">March 2024: Historic Peaks in the Crypto Market</a> 
March 2024 drew attention as a period of historic peaks in the market. The more significant aspect during this time was <a href="https://en.coin-turk.com/controversial-peter-schiff-continues-his-critique-on-bitcoin/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/bitcoins-future-bitcoin-in-a-consolidation-phase-michaal-van-de-poppe-says/" data-wpel-link="internal">BTC</a>) revisiting its all-time high (ATH) before the halving and the general rise of meme coins. Although the rise in meme coins later gave way to a decline, an analyst mentioned that some things might still be unexperienced. 
<h2 style="text-align: justify" id="will-meme-coins-rise-again">Will Meme Coins Rise Again?</h2> 
After the Bitcoin halving, eyes turned back to the cryptocurrency world. Analysts’ comments began to be scrutinized more closely. One of the market’s closely followed analysts seems to be eyeing a rise scenario. 
Credible <a href="https://en.coin-turk.com/bitcoin-price-reaches-all-time-high-before-dipping-below-65000/" data-wpel-link="internal">Crypto</a>, known by this name, warned his thousands of followers and other users on the X social media platform that meme coins could suddenly lose value. 
<blockquote> 
 Despite being at an all-time high for BTC, there is still a lot of uncertainty in this area. The main reason is that meme coins have been the only rising altcoins in recent months. I hear a lot of things like this cycle is clearly different, this is a meme coin super cycle, etc., and ‘fundamentals don’t matter’. Many people have given up hope on non-meme coin altcoins, and meme coin followers are speaking louder. 
 Three things are certain: 
 <ol> 
 <li>We will go much higher as a market as a whole.</li> 
 <li>A meme coin reckoning is approaching.</li> 
 <li>Other alternatives will also take their place over time.</li> 
 </ol> 
</blockquote> 
<h2 style="text-align: justify" id="outlook-for-bitcoin-ethereum-and-hbar">Outlook for Bitcoin, Ethereum, and HBAR</h2> 
On the other hand, the analyst also commented on Bitcoin (BTC), stating that BTC could retest the range below $60,000 before breaking the upper trend line resistance. 
<blockquote> 
 And here’s our downturn. Ideally, we would like to see it go a bit lower before reversing; hence our job is not done yet. We are watching to see how things develop. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345025" src="https://coin-turk.com/wp-content/uploads/2024/04/24-saat-coin-turk-com.png" alt="" width="574" height="288"> 
Bitcoin, as of writing, continues to find buyers at the $63,700 level, indicating a slight decline over the last 24 hours. 
Finally, the analyst turned his attention to some altcoins in the market. Recently, Hedera (HBAR), a competitor to Ethereum (ETH), was noted to have the potential to rise over 90% from its current value. 
<blockquote> 
 After completing a nice five-wave impulse from lower levels, I’m looking for something like this. Remember, the first step is a breakout in the lower timeframe market structure to accelerate things. If we can then print a higher low, we should be able to return to the highs. 
</blockquote> 
Hedera saw a more than 6% drop in the last 24 hours, trading at $0.1114. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-345024 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/24-saat-altta-coin-turk-com.png" alt="" width="576" height="291"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/march-2024-historic-peaks-in-the-crypto-market/" data-wpel-link="internal">March 2024: Historic Peaks in the Crypto Market</a></h5>

March 2024: Historic Peaks in the Crypto Market

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